As we head into the home-stretch for the 2009 holiday shopping season, US-based toy retailing giant Toys ‘R’ Us has revealed its Q3 2009 sales, marking a loss for the quarter. The good news? It’s down from the same period in 2008.
Net Sales for the quarter ending October 31, 2009 were US$2.66 billion compared to US$2.77 billion the previous year, owing to lower comparable store net sales across many sectors, including gaming and accessories.
However, TRU’s net loss for the quarter was US$67 million, compared to a US$104 million loss for Q3 2008.
For the first nine months of the year, the toy retailer suffered a US$75 million net loss, compared to US$127 million the year before. Net sales declined in the same period to US$7.71 billion, down from US$8.26 billion in 2008.